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This from Newsday highlights a study about rising CEO paychecks. Because the stock went up substantially and revenues/profits went up and their organizations became more competitive and because they managed around innovation and . . .
Pay for chief executives at the country's 500 largest public companies soared 22 percent, the survey showed. By comparison, the average increase in pay for all American workers hit 2.23 percent last year, according to the U.S. Bureau of Labor Statistics.
Posted by Grayson at July 29, 2004 07:59 AMI agree that CEO's are WAY, WAY overpaid and I have seen totally incompetant CEOs who ruined entire companies rake in millions. However comparing 500 CEOS against 150 million workers ("all American workers") is not a fair comparison.
The comparison should be against the employees at those 500 companies they manage. The gap is still probably large, but that is the data set.